HF 2927

Introduction - 94th Legislature (2025 - 2026)

Posted on 03/27/2025 02:45 p.m.

A bill for an act
relating to capital investment; appropriating money for capital improvements at
the Great Lakes Aquarium; authorizing the sale and issuance of state bonds.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin LAKE SUPERIOR CENTER AUTHORITY; GREAT LAKES
AQUARIUM.
new text end

new text begin Subdivision 1. new text end

new text begin Appropriation. new text end

new text begin $1,059,000 is appropriated from the bond proceeds fund
to the commissioner of employment and economic development for a grant to the Lake
Superior Center Authority to predesign, design, construct, and renovate improvements and
betterments of a capital nature at the Great Lakes Aquarium. This appropriation includes
money for major projects to preserve or replace mechanical, electrical, and water treatment
systems; upgrades to utility systems; life-safety improvements; and exterior improvements
to the facility's building envelope, parking, and grounds.
new text end

new text begin Subd. 2. new text end

new text begin Bond sale. new text end

new text begin To provide the money appropriated in this section from the bond
proceeds fund, the commissioner of management and budget shall sell and issue bonds of
the state in an amount up to $1,059,000 in the manner, upon the terms, and with the effect
prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota
Constitution, article XI, sections 4 to 7.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end